Accounting Specialist - Fixed Assets

OVERVIEW

Position

Accounting Specialist - Fixed Assets

Job Code

Reports to

Financial Controller

Direct Reports

0-1

Division

OXAGON

Department

Finance

Role Purpose

OXAGON WILL BE A NEW PARADIGM WHERE PEOPLE, INDUSTRIES AND TECHNOLOGY COME TOGETHER IN HARMONY WITH NATURE. Bringing together state-of-the-art approaches of industry 4.0 and the circular economy – to create factories of the future for products of the future. This will be a place where innovators and entrepreneurs can accelerate ideas from labs to market, and a city where people come together to live, work and play – in thriving communities. Our fully automated next-generation port will offer unparalleled connectivity to global markets, enabled by an integrated physical and digital supply chain. To support this ambitious vision, the Accounting Specialist will be required to:

• Support Financial Control team in carrying out broad range of accounting tasks and responsibilities to ensure integrity of the NEOM financial reporting function and alignment with IFRS, as NEOM business activity evolves.
• Have the ability to work on own initiative, prioritise and manage multiple issues simultaneously and with a high level of attention to detail.
• Have the ability to contribute as a member of a team, to work under pressure and to meet deadlines.

KEY ACCOUNTABILITIES & ACTIVITIES

Key Responsibilities

• Own end to end record to report monthly, quarterly and yearly closing activities for multiple entities/sectors including accruals, prepayments, revenue, bank reconciliations, provisions, leases and ad-hoc correction journal entries
• Understanding of how to apply International Financial Reporting Standards (IFRS) to day-to-day activities of the business.
• Complete month-end activities in a timely basis
• Perform monthly balance sheet reconciliations as assigned, and resolve issues to ensure GL codes balances are reflecting accurate balances
• Support specific business units and entities with developing sector monthly financial statements, and with their financial accounting requirements – especially including accruals.
• Advise and drive as business SME the design of accounting or data processing systems, especially in relation to SAP functionality and enhancement;
• Support development of new accounting functions in OXAGON as they evolve – this will include new revenue streams, intercompany transactions for new subsidiary entities, JV accounting for new joint ventures etc.
• Operate within the required SOX controls framework, completing assigned control procedures, and supporting with specified SOX activities.
• Liaise with tax, treasury, FP&A, consolidation, Reporting, internal audit and corporate finance teams.
• Responsible for addressing annual financial statement & audit related queries for assigned subsidiaries and sectors.
• Analyze business operations, trends, costs, revenues, financial commitments, and obligations, across sectors as requested to support in decision-making.
• Assist in internal control development, implementation, and coordination.

BACKGROUND, SKILLS & QUALIFICATIONS

Knowledge, Skills  and Experience

• Highly skilled in dealing with financial and numeric data;
• Highly skilled in use of Excel;
• Excellent English verbal and communication skills;
• Team player and ability to oversee team players;
• Excellent work ethic
• Have a continuous improvement mindset and demonstrate persistence and resilience with system improvements
• Ability to work in stressful, last minute and deadline driven oriented tasks.

Qualifications

• University degree
• CA, CPA, ACCA or equivalent international Certified Accounting qualification
• Minimum four years of experience working in a corporate organization, preference given to Big4 audit experience.

MAIN CONTACTS

Internal

External

• Finance team OXAGON and